Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) CFO Nancy Disman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the completion of the sale, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shift4 Payments Stock Up 3.2 %
NYSE FOUR opened at $87.22 on Tuesday. The stock has a fifty day moving average of $106.72 and a 200-day moving average of $99.66. The stock has a market capitalization of $7.77 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Shift4 Payments, Inc. has a 52 week low of $55.87 and a 52 week high of $127.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.97 and a current ratio of 1.38.
Shift4 Payments (NYSE:FOUR - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $405.00 million during the quarter, compared to analysts' expectations of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. On average, equities research analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpha Wealth Funds LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth $311,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Shift4 Payments in the 4th quarter worth $16,195,000. Heck Capital Advisors LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth $26,000. Armis Advisers LLC bought a new position in shares of Shift4 Payments in the 4th quarter worth $316,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Shift4 Payments by 2.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 81,057 shares of the company's stock worth $8,412,000 after purchasing an additional 1,736 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
FOUR has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Shift4 Payments from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and issued a $143.00 target price (up from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Morgan Stanley dropped their target price on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company dropped their target price on Shift4 Payments from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Finally, Benchmark cut Shift4 Payments from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Shift4 Payments presently has an average rating of "Moderate Buy" and a consensus target price of $115.30.
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Shift4 Payments Company Profile
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Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.
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